![]() ![]() WOLFERS: Every year, my first sentence is, economics is not about money. But when you teach economics, how do you start the class? And once we were properly scared, we moved into supply and demand. There's not enough stuff in the world, and economists figure out who gets which stuff. The teacher at the time would say, you know, economics is all about scarcity. SMITH: So when I took my very first course in economics - and we're talking high school here, 30 years ago - the way it started was pretty grim. They have two amazing children, hopefully busy and quiet in the next room. They wrote a textbook together, "Principles Of Economics." They've charmed introductory econ students at the University of Michigan. Professor Justin Wolfers and Professor Betsey Stevenson are collaborators. JUSTIN WOLFERS: I'm Justin Wolf - you go first, Betsey.īETSEY STEVENSON: Oh, Justin was pointing at me to go first, and then you said short and lively, and so then he realized he needed to take over (laughter). I'm going to allow them to give a short and lively introduction. ![]() In order to help us with this superpower, we've brought in two economists in residence this summer. Every problem, every decision you face can benefit from stepping back and looking at it like an economist would. This has been the greatest thing that I've picked up hosting PLANET MONEY over the years. Today on the show, how to think like an economist. At the end of the series, if you can pass our online final exam, you'll be eligible for a PLANET MONEY diploma - not a real diploma - suitable for framing. ![]() Each lesson will feature stories from some of our favorite PLANET MONEY episodes. Every Wednesday till Labor Day, we are going to meet here in your ears to learn the essential principles of Econ 101. Well, the good news is you can still do that while simultaneously exploring the world of economics. You thought you'd have the whole summer off, riding bikes, going to the beach, staring at the clouds and doing nothing. Hello, and welcome to PLANET MONEY's Summer School - the economics education you always dreamed of but never quite got around to. Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.(SOUNDBITE OF BRICE MONTESSUIT AND CHARLES CASTE-BALLEREAU'S "LOST SITUATION") You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Standard Digital includes access to a wealth of global news, analysis and expert opinion. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages.
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